Magnolia Oil & Gas (NYSE:MGY) Upgraded at Truist Financial

Truist Financial upgraded shares of Magnolia Oil & Gas (NYSE:MGY) from a hold rating to a buy rating in a report published on Tuesday morning, MarketBeat.com reports. Truist Financial currently has $33.00 target price on the stock, up from their prior target price of $32.00.

Several other brokerages also recently weighed in on MGY. Mizuho reduced their price target on shares of Magnolia Oil & Gas from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Zacks Research cut Magnolia Oil & Gas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Roth Capital cut their target price on Magnolia Oil & Gas from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Wells Fargo & Company reduced their target price on Magnolia Oil & Gas from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Wednesday, May 13th. Finally, KeyCorp restated an “overweight” rating on shares of Magnolia Oil & Gas in a research note on Monday, June 29th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Magnolia Oil & Gas Stock Performance

Shares of MGY stock opened at $25.04 on Tuesday. Magnolia Oil & Gas has a one year low of $21.07 and a one year high of $32.76. The company’s 50-day moving average is $26.60 and its 200 day moving average is $27.53. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 14.56 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.10.

Magnolia Oil & Gas (NYSE:MGY) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The business had revenue of $358.51 million during the quarter, compared to analyst estimates of $349.89 million. Magnolia Oil & Gas had a net margin of 24.40% and a return on equity of 16.28%. Magnolia Oil & Gas’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Sell-side analysts expect that Magnolia Oil & Gas will post 2.7 EPS for the current fiscal year.

Magnolia Oil & Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, August 10th. This is a positive change from Magnolia Oil & Gas’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.9%. Magnolia Oil & Gas’s payout ratio is 38.37%.

Institutional Trading of Magnolia Oil & Gas

Large investors have recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its stake in Magnolia Oil & Gas by 2.4% during the fourth quarter. Lido Advisors LLC now owns 16,197 shares of the company’s stock worth $382,000 after buying an additional 387 shares during the period. Oak Family Advisors LLC raised its stake in shares of Magnolia Oil & Gas by 0.9% in the fourth quarter. Oak Family Advisors LLC now owns 47,620 shares of the company’s stock valued at $1,042,000 after acquiring an additional 410 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Magnolia Oil & Gas by 10.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,624 shares of the company’s stock worth $102,000 after acquiring an additional 422 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Magnolia Oil & Gas by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,937 shares of the company’s stock worth $380,000 after acquiring an additional 482 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Magnolia Oil & Gas by 1.6% during the 4th quarter. Stifel Financial Corp now owns 36,980 shares of the company’s stock worth $809,000 after purchasing an additional 585 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Key Magnolia Oil & Gas News

Here are the key news stories impacting Magnolia Oil & Gas this week:

• Positive Sentiment: The board declared a quarterly dividend of $0.18 per share, payable September 1 to shareholders of record August 10. The payout is approximately 9.1% higher than the previous $0.17 dividend and implies an annualized dividend of $0.72, or roughly a 2.9% yield. Magnolia Oil & Gas Board Declares Previously Announced 9 Percent Dividend Increase
• Positive Sentiment: Truist upgraded MGY to “Buy,” citing an upbeat view of the company’s WildFire acquisition. The endorsement suggests the deal could strengthen Magnolia’s operating outlook and shareholder value. Magnolia Oil & Gas raised to Buy at Truist on upbeat view of WildFire acquisition
• Positive Sentiment: Zacks Research raised its Q2 2026 EPS forecast to $0.66 from $0.65, while a separate earnings preview highlighted expectations for earnings growth and the potential for a quarterly earnings beat. Magnolia Oil & Gas Earnings Expected to Grow
• Neutral Sentiment: A comparison with Topaz Resources reviews valuation, profitability, dividends, institutional ownership, risk and analyst recommendations. The analysis provides context for investors but does not introduce a specific new catalyst for Magnolia. Magnolia Oil & Gas and Topaz Resources Head-To-Head Analysis
• Negative Sentiment: Zacks cut its Q3 2027 EPS estimate to $0.58 from $0.64 and its Q2 2028 forecast to $0.55 from $0.56. The reductions could weigh on sentiment about Magnolia’s longer-term earnings trajectory, although Zacks maintains a “Hold” rating.

Magnolia Oil & Gas Company Profile

Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.

The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).